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A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
IDR may refer to: Indonesian rupiah, by ISO 4217 currency code; Devi Ahilyabai Holkar International Airport, Indore, India, by IATA code; Instantaneous Decoding ...
The Free Library has a separate homepage. It is a free reference website that offers full-text versions of classic literary works by hundreds of authors. It is also a news aggregator, offering articles from a large collection of periodicals containing over four million articles dating back to 1984. Newly published articles are added to the site ...
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
The debate of choosing between fixed and floating exchange rate methods is formalized by the Mundell–Fleming model, which argues that an economy (or the government) cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy. It must choose any two for control and leave the other to market ...
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
As of September 2018, the rupiah had fallen to its weakest position since the 1998 crisis [43] with one US dollar being worth roughly Rp14,880, [44] peaking at Rp. 15,009 on 4 September. By the time COVID-19 pandemic hit the country in March 2020, it fell even further to nearly Rp. 16,650, [ 45 ] nearly reaching the 1998 crisis value, although ...
Google Dictionary is an online dictionary service of Google that can be accessed with the "define" operator and other similar phrases [note 1] in Google Search. [2] It is also available in Google Translate and as a Google Chrome extension. The dictionary content is licensed from Oxford University Press's Oxford Languages. [3]